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Please help me with the following ASAP: 1. Use the graph to answer the question. 2. Use the graph to answer the question that follows.

Please help me with the following ASAP:

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1. Use the graph to answer the question. 2. Use the graph to answer the question that follows. 10 Price 9 8 MC 7 Long Run Average Total Costs AC M P, 6 A Cost 5 AR P G C 2 MR O Quantity (units) 5 6 7 8 9 10 Output What area would represent the consumer surplus if Which of the following would accurately describe firms this firm maximizes its profit? unable to achieve the minimum efficient scale? There would be no consumer surplus because of the They would produce closer to point D. monopolist's market power They would be unable to cross the range from B to C. The area between average revenue and marginal They are producing between A and B. revenue all the way to the price axis They are producing either between A and B or between C The area between the marginal cost curve and the and D. marginal revenue curve They are producing beyond point D. The area above P1 up to the average revenue curve The area between P3 up to the marginal revenue curve

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